The market demand for electronic grade phenolic resin is growing rapidly and the industry is highly concentrated.

Electronic-grade phenolic resin is a high-purity linear phenolic resin with a narrow molecular weight distribution, which is catalyzed by a weak acid and controlled by an appropriate phenol-formaldehyde ratio to control the degree of polycondensation. Electronic-grade phenolic resin has the characteristics of high purity, low free monomers, low metal impurity ions, low anion content, and high reliability. It is a new polymer material that is different from traditional industrial-grade phenolic resin. It can be used as a copper-clad laminate, ring The raw material of oxygen molding compound and photoresist provides excellent heat resistance and stable mechanical properties.

With the rapid development of 5G, automotive electronics and other industries, the demand for copper-clad laminates continues to grow, which in turn drives the demand for electronic-grade phenolic resin. At the same time, with the development of the semiconductor field, photoresist production will also continue to grow, which will also drive the growth of electronic-grade phenolic resin. Increased demand for resin. Driven by the support of industrial policies and the continued development of downstream industries and localization of downstream industries, the demand for electronic-grade phenolic resin in my country has continued to grow. According to the “China Electronic Grade Phenolic Resin Industry Market In-depth Research and Development Prospects Report 2023-2028” released by the Industrial Research Center, 2018 In 2022, the demand for electronic grade phenolic resin in China was 75,500 tons, with a demand growth rate of 11.9%; in 2022, China’s electronic grade phenolic resin demand increased to 114,400 tons, with a demand growth rate of 9.5%.

In the early days, due to technical barriers, my country’s electronic grade phenolic resin market relied on imports. Foreign brands such as Japan’s Sumitomo Bakelite Co., Ltd., Japan’s Panasonic Electric Industrial Co., Ltd., and South Korea’s Kolon Co., Ltd. relied on their long-term technology accumulation and good brand image. With sound sales channels, it occupies a dominant position in the domestic electronic grade phenolic resin market, especially Japanese companies, which have a relatively high market share and strong industry competitiveness.

In recent years, stimulated by market demand, some domestic phenolic resin manufacturers have gradually begun to get involved in the research and development and production of electronic grade phenolic resin, such as Jinan Shengquan Group Co., Ltd., Tongcheng New Materials Group Co., Ltd., Shandong Laiwu Runda Electronic grade phenolic resin companies represented by New Materials Co., Ltd. have entered the stage of industrial production and supply. However, due to the late development of the local electronic grade phenolic resin industry, there is still a gap between product technology and supply capabilities and leading foreign companies. Overall, my country’s electronic grade phenolic resin market share is mainly occupied by foreign brands and leading domestic brands, and the market concentration is high.

Industry analysts said that in the next few years, hindered by high technical barriers, the number of new companies entering the domestic electronic phenolic resin industry will increase. There are still not many. In addition, the electronic grade phenolic resin industry has high customer certification barriers. It is difficult for new entrants to obtain certification from downstream customers in a short period of time. Therefore, my country’s electronic grade phenolic resin market share will still be mainly dominated by existing companies such as Sheng. Occupied by Quan Group and others, the electronic grade phenolic resin industry concentration will remain at a high level.